Ministry of Commerce & Industry
India’s Foreign Trade: December 2019
India’s overall exports  in April-December2019-20are estimated to be USD 397.48 billion, exhibiting a positive growth of 0.93 per cent over the same period last year. Overall imports in April-December 2019-20are estimated to be USD 455.14 billion, exhibiting a negative growth of 5.82 per cent over the same period last year.Note: The latest data for services sector released by RBI is for November 2019. The data for December 2019 is an estimation, which will be revised based on RBI’s subsequent release.
I. MERCHANDISE TRADE
EXPORTS 
Exports inDecember 2019 were USD27.36 billion, as compared to USD27.86 billion in December 2018, exhibiting a negative growth of 1.80 per cent. In Rupee terms, exports were Rs. 1,94,764.74 crore in December 2019, as compared to Rs. 1,97,044.76 crore in December 2018, registering a negative growth of 1.16 per cent.
In December 2019, major commodity groups of export showing positivegrowth over the corresponding month of last year are
Cumulative value of exports for the period April-December 2019-20 was USD239.29 billion  as against USD244.08 billion  during the period April-December 2018-19, registering a negative growth of  1.96 per cent in Dollar terms 1.04 per cent in Rupee terms).
Non-petroleum and Non Gems and Jewellery exports in December 2019 were USD21.05 billion, as compared to USD21.16 billion in December 2018, exhibiting a negative growth of 0.54 per cent. Non-petroleum and Non Gems and Jewellery exports in April-December 2019-20 were USD177.81 billion, as compared to USD177.65 billion for the corresponding period in 2018-19, anincrease of 0.09 per cent.
IMPORTS
Imports in December 2019 were USD38.61 billion , which was 8.83 per cent lower in Dollar terms and 8.24 per cent lower in Rupee terms over imports of USD42.35 billion  in December 2018. Cumulative value of imports for the period April-December 2019-20 was USD357.39 billion , as against USD392.31 billion  during the period April-December 2018-19, registering a negative growth of 8.90 per cent in Dollar terms 8.12 per cent in Rupee terms).
Major commodity groups of import showing negative growth in December 2019 over the corresponding month of last year are:
CRUDE OIL AND NON-OIL IMPORTS:
Oil imports inDecember 2019 were USD10.69 billion , which was 0.83 percentlower in Dollar terms , compared to USD10.78 billion  in December2018. Oil imports in April-December 2019-20 were USD95.69 billion  which was 11.78 per cent lower in Dollar terms  compared to USD108.47 billion , over the same period last year.
In this connection it is mentioned that the global Brent price  has increased by 16.63% in December 2019 vis-à-vis December 2018 as per data available from World Bank.
Non-oil imports inDecember 2019 were estimated at USD27.92billion  which was 11.56 per cent lower in Dollar terms , compared to USD31.57billion  in December 2018. Non-oil imports in April-December 2019-20 were USD261.70 billion  which was 7.80 per cent lower in Dollar terms , compared to USD283.84 billion  in April-December2018-19.
Non-Oil and Non-Gold imports wereUSD25.45 billion in December 2019, recording a negative growth of 12.24 per cent, as compared to Non-Oil and Non-Gold importsof USD 29.00 billion in December 2018. Non-Oil and Non-Gold imports wereUSD238.64 billion in April-December 2019-20, recording a negative growth of 7.90 per cent, as compared to Non-Oil and Non-Gold importsUSD 259.11 billion in April-December 2018-19.
II. TRADE IN SERVICES
EXPORTS 
As per the latest press release by RBI dated 15thJanuary 2020, exports in November2019 were USD 18.00 billion  registering a positive growth of 7.91 per cent in dollar terms, vis-à-vis November2018. The estimated value of services export for December 2019is USD 17.92 billion.
IMPORTS 
As per the latest press release by RBI dated 15th January 2020, imports in November 2019 were USD 11.47 billion  registering a positive growth of 13.48 per cent in dollar terms, vis-à-vis November 2018. The estimated value of service Import for December 2019is USD 11.32 billion.
III.TRADE BALANCE
MERCHANDISE: The trade deficit for December 2019 was estimated at USD11.25 billion as against the deficit of USD14.49 billion inDecember 2018.
SERVICES: As per RBI’s Press Release dated 15th January2020, the trade balance in Services  for November, 2019 is estimated at USD6.52 billion.
OVERALL TRADE BALANCE: Taking merchandise and services together, overall trade deficit for April-December 2019-20is estimated at USD57.66 billion as compared to USD89.46 billion in April-December 2018-19.Note: The latest data for services sector released by RBI is for November 2019. The data for December 2019 is an estimation, which will be revised based on RBI’s subsequent release.
MERCHANDISE TRADE
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EXPORTS & IMPORTS : 
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DECEMBER
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APRIL-DECEMBER
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EXPORTS
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2018-19
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27.86
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244.08
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2019-20
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27.36
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239.29
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%Growth 2019-20/ 2018-19
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-1.80
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-1.96
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IMPORTS
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2018-19
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42.35
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392.31
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2019-20
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38.61
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357.39
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%Growth 2019-20/ 2018-19
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-8.83
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-8.90
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TRADE BALANCE
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2018-19
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-14.49
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-148.23
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2019-20
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-11.25
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-118.10
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EXPORTS &IMPORTS: 
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DECEMBER
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APRIL-DECEMBER
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EXPORTS
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2018-19
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1,97,044.76
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17,02,261.31
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2019-20
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1,94,764.74
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16,84,558.61
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%Growth 2019-20/ 2018-19
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-1.16
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-1.04
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IMPORTS
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2018-19
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2,99,553.40
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27,37,092.01
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2019-20
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2,74,883.64
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25,14,783.82
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%Growth 2019-20/ 2018-19
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-8.24
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-8.12
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TRADE BALANCE
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2018-19
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-1,02,508.64
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-10,34,830.70
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2019-20
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-80,118.90
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-8,30,225.21
SERVICES TRADE
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EXPORTS & IMPORTS  : 
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November 2019
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April-November 2019-20
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EXPORTS 
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18.00
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140.27
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IMPORTS 
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11.47
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86.44
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TRADE BALANCE
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6.52
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53.83
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EXPORTS & IMPORTS : 
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November 2019
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April-November 2019-20
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EXPORTS 
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1,28,584.48
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9,86,225.58
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IMPORTS 
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81,969.39
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6,07,776.64
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TRADE BALANCE
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46,615.09
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3,78,448.94
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Source: RBI Press Release dated 15thJanuary 2020
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|Note: The latest data for services sector released by RBI is for November 2019. The data for December 2019 is an estimation, which will be revised based on RBI’s subsequent release.Link for Quick Estimates: